Rosemary is considering starting her own business as a legal consultant. She currently works as a law professor with an annual salary of $130,000. She has also been offered a job as a judge with an annual salary of $135,000 but rejected it as she prefers her current job more. Select the item from the list provided to make the following statements true. Opportunity cost referred to as the 1. her current job value of the next best alternative not chosen. 2. a job as a Judge The opportunity cost of starting her own business IS 3. $135,000 4. non-monetary benefit Rosemary must have received at least $5,000 in from the law professor job because she 5. $265,000 rejected the judge job. 6. is not 7. is 8. $0 9. average cost 10. is sometimes 11. starting her own business as a legal consultant 12. monetary benefit